Seriously…..

CTOS – An explanation..

You guys should read Jeff’s posting on CTOS here . This part is the interesting one:

The info from CTOS is no different from you and me cutting up all the newspaper clippings and compiling them faithfully day after day. I don’t see what the fuss is about. It also means that people cannot run away from their credit history

Hmm, now it sounds like CTOS is a central depository for company wound-ups and bankruptcies. The interesting part is that, the information gathered are basically by doing some minor linkages of information that is available from public sources.

Having to know about that, CTOS is ok what… It just fills up the gap that has been left empty by Bank Negara perhaps!